Aug. 17 at 4:20 PM
$MSGS is splitting the Knicks and Rangers.
For every 2 MSGS shares, holders are expected to receive 1 share of the new Rangers company (
$MSGR), while MSGS becomes MSG Knickerbockers (
$MSGK).
The Form 10 also reveals something interesting:
• Rangers FY26 revenue:
$337.3M
• Operating loss:
$30.5M
• Expected starting cash: ~
$60M
• Forbes franchise value: ~
$4B
We also trace the entire Dolan spinoff family tree back to Cablevision.
https://www.stockspinoffs.com/2026/08/17/msg-sports-rangers-spinoff-msgk-msgr/
$MSGE $SPHR